Rhumbline Advisers Buys 14,233 Shares of World Kinect Co. (NYSE:WKC)

Rhumbline Advisers lifted its position in World Kinect Co. (NYSE:WKC) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 208,980 shares of the company’s stock after buying an additional 14,233 shares during the quarter. Rhumbline Advisers owned approximately 0.36% of World Kinect worth $5,749,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WKC. HHM Wealth Advisors LLC purchased a new stake in World Kinect in the 4th quarter worth approximately $25,000. Wilmington Savings Fund Society FSB bought a new position in shares of World Kinect in the third quarter worth $31,000. Quarry LP raised its position in shares of World Kinect by 3,600.0% in the third quarter. Quarry LP now owns 1,073 shares of the company’s stock worth $33,000 after buying an additional 1,044 shares in the last quarter. Hara Capital LLC purchased a new stake in shares of World Kinect in the third quarter worth $76,000. Finally, KBC Group NV boosted its stake in World Kinect by 60.2% during the fourth quarter. KBC Group NV now owns 3,597 shares of the company’s stock valued at $99,000 after buying an additional 1,351 shares during the period. 97.06% of the stock is currently owned by institutional investors.

World Kinect Stock Performance

NYSE WKC opened at $30.13 on Thursday. World Kinect Co. has a 52-week low of $21.38 and a 52-week high of $31.70. The company has a fifty day moving average of $27.98 and a 200-day moving average of $28.55. The company has a market capitalization of $1.75 billion, a P/E ratio of 28.42, a P/E/G ratio of 0.89 and a beta of 1.27. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.16.

World Kinect (NYSE:WKC) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. World Kinect had a return on equity of 6.43% and a net margin of 0.16%. The business had revenue of $9.76 billion for the quarter, compared to the consensus estimate of $10.57 billion. As a group, equities research analysts predict that World Kinect Co. will post 2.56 EPS for the current fiscal year.

World Kinect Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 23rd were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $0.68 dividend on an annualized basis and a yield of 2.26%. World Kinect’s payout ratio is 64.15%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lowered their price target on World Kinect from $32.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, World Kinect has an average rating of “Hold” and a consensus price target of $29.80.

About World Kinect

World Kinect Corporation operates as an energy management company in the United States, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. This segment also offers fuel management, price risk management, ground handling, dispatch services, and trip planning services, such as flight planning and scheduling, weather reports and overflight permits; payment and processing services; and operates a web-based marketplace platform.